Charman announces plans to sell shares in AXIS…
John Charman, president and chief executive of AXIS Capital, has advised the company that as a consequence of his marital divorce proceedings in the UK, he intends to sell shares of the company's common stock from time to time.
The proceeds will be used for personal reasons, including for amounts payable in connection with his divorce.
In June, Charman became subject to a judgment in that proceeding of approximately $91m, which he is currently appealing.
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